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River AI Secures $1.1 Billion Seed Round Led by General Catalyst
Key Points
- River AI raised $1.1 billion in a seed/Series A round.
- General Catalyst and AMP PBC led the financing; Nvidia, AMD Ventures, Y Combinator and Temasek also invested.
- Founder Igor Babuschkin, ex‑DeepMind and OpenAI researcher, aims to rebuild the AI stack for personal agents.
- Company offers an API with token‑based pricing, supporting RL and LoRA fine‑tuning of open models.
- River promises enterprise‑grade RL runs in 15‑20 minutes without internal infrastructure, cutting costs 2‑4× versus closed‑source solutions.
- AMP PBC, founded by former a16z partner Anjney Midha, backs the round, adding strategic AI expertise.